Compare LocalBitcoins vs Poloniex
On this page, you can compare LocalBitcoins with Poloniex. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. LocalBitcoins was founded in 2012 in Finland. Poloniex was founded in 2014 in USA.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is LocalBitcoins. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
LocalBitcoins is Centralized and Poloniex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
LocalBitcoins has a mobile app available for iOS and Android. Poloniex has a mobile app available for iOS and Android.
Poloniex has 1 language available, which is English.
| Company | ||
|---|---|---|
| User rating | 1 user review | 11 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 1 user review | 11 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
Poloniex launched in 2014. It is based in the United States. It was recently acquired by Circle, a large Goldman-Sachs backed company. The exchange faced a hacker attack soon after opening which caused a higher level of security provided later. It requires a user’s physical address, postal address, date of birth, id, and phone number.
|
Founding Date
| 2012 | 2014 |
Country
| Finland | USA |
Type
| Centralized | Centralized |
Languages
| No data | English |
Mobile app
| iOS, Android | iOS, Android |
Full address
| No data | Poloniex, LLC. 2018 - Boston, MA, U.S.A |
Fees
| No data |
Fees are charged and deduced on a per-trade basis. The more “total volume” you trade on a rolling 30 day basis, the lower your fee on subsequent trades. We will calculate your fees based on your last 30 days of trading volume based on the daily average of the BTC-USD rate (24-hour weighted average price) and dynamically adjust your fees according to the following schedule: Maker | Taker Trade | Volume (trailing 30 day avg) 0.08% | 0.20% | < $1m USD 0.02% | 0.15% | < $20m USD 0.00% | 0.10% | ≥ $20m USD |
| About |
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
Poloniex launched in 2014. It is based in the United States. It was recently acquired by Circle, a large Goldman-Sachs backed company. The exchange faced a hacker attack soon after opening which caused a higher level of security provided later. It requires a user’s physical address, postal address, date of birth, id, and phone number.
|
|---|---|---|
| Founding Date | Founding Date 2012 | Founding Date 2014 |
| Country | Country Finland | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages No data | Languages English |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address No data | Full address Poloniex, LLC. 2018 - Boston, MA, U.S.A |
| Fees | Fees No data |
Fees
Fees are charged and deduced on a per-trade basis. The more “total volume” you trade on a rolling 30 day basis, the lower your fee on subsequent trades. We will calculate your fees based on your last 30 days of trading volume based on the daily average of the BTC-USD rate (24-hour weighted average price) and dynamically adjust your fees according to the following schedule: Maker | Taker Trade | Volume (trailing 30 day avg) 0.08% | 0.20% | < $1m USD 0.02% | 0.15% | < $20m USD 0.00% | 0.10% | ≥ $20m USD |
Trading
LocalBitcoins trading volume is 4,800,000.0. The exchange has 103 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Poloniex trading volume is 18,446,726.0. The exchange has 101 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 4800000 | 18446726 |
Pairs
| 103 | 101 |
Coins
| 1 | 57 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Free |
Fees
| No Fees | Percentage |
Margin
| - |
| Volume | Volume 4800000 | Volume 18446726 |
|---|---|---|
| Pairs | Pairs 103 | Pairs 101 |
| Coins | Coins 1 | Coins 57 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Free |
| Fees | Fees No Fees | Fees Percentage |
| Margin | Margin - | Margin |
Safety
Two factor authentication
Verified
| Unverified | Verified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Verified |
Social
Website
| localbitcoins.com | poloniex.com |
| @LocalBitcoins | @poloniex |
Number of followers
| 52300 | 222304 |
| Website | Website localbitcoins.com | Website poloniex.com |
|---|---|---|
| Twitter @LocalBitcoins | Twitter @poloniex | |
| Number of followers | Number of followers 52300 | Number of followers 222304 |
Rating
| User rating | 1 user review | 11 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
LocalBitcoins user rating is 3, based on 1 user reviews. Poloniex user rating is 2.8, based on 11 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare LocalBitcoins with Poloniex. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. LocalBitcoins was founded in 2012 in Finland. Poloniex was founded in 2014 in USA.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is LocalBitcoins. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
LocalBitcoins is Centralized and Poloniex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
LocalBitcoins has a mobile app available for iOS and Android. Poloniex has a mobile app available for iOS and Android.
Poloniex has 1 language available, which is English.